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11980-11982 213th st
Miami-dade, ¤symmes - Sharman Tract, Miami, FL
FOR SALE
Asking
$849,000
BTC
8.803
ETH
255.31
Home Size
2,400 sq. ft.
Year Built
2024
Excellent new duplex investment opportunity in a quiet Miami neighborhood. Property completed in December 2024. Each unit features 3 bedrooms and 2 bathrooms, central air conditioning, and separate water and electric meters. Both units are approved for Section 8, offering stable and reliable income.
Current rents:
• Unit 1: $3,200 / month
• Unit 2: $3,748 / month
Total monthly income: $6,948
Annual gross income: $83,376
Estimated operating expenses: 13% (~$10,839/year)
Net Operating Income (NOI): $72,537/year
Cap Rate: ~8.5% at asking price of $849,000
Estimated ROI: ~34.2% (assuming 25% down payment, before appreciation and tax benefits)
This property is ideal for investors seeking immediate cash flow, low vacancy risk, and long-term appreciation. Each unit has its own folio, offering flexibility for ownership or financing strategies.
LOADING
Location
Market Area
Miami-Dade
Neighborhood
¤SYMMES - SHARMAN TRACT
Agent
Marina Salazar Millan
+1 310 910 1722
